Oil Slips On Record US Crude Output, China's Weakening Economy

Oil prices dipped on Thursday, dragged down by China's weakening economy and record US crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC. 

International Brent crude futures were at $66.23 per barrel at 0129 GMT, down 16 cents, or 0.2 per cent from their last close. 

US West Texas Intermediate (WTI) crude oil futures were at $56.90 per barrel, down 4 cents from their last settlement.

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